Betting on sports has been around for about as long as there have been games or tournaments to gamble on. But the tradition has changed with the times, and bets are now made online instead of in person at racetracks or bookmakers’. This article discusses all there is to know about sports betting in South Africa. Therefore, we should mention one of the most trusted online sportsbook review sites for South Africans, onlinegamblingsa.co.za. There you’ll find the most popular platforms to place your bets.
Online gambling sites have quickly become the primary choice for today’s gamblers. Instead of going to a bookmaker, it’s faster, easier, and more comfortable to bet on a computer or phone. Many online sportsbooks provide up-to-the-minute data feeds and novel possibilities like virtual sports and esports. More and more businesses are starting up online sports betting services to meet the ever-increasing demand.
Looking to place your online bet in South Africa? Let’s dive right into the topic!
Are South Africans Allowed to Gamble on Sports Online?
When someone hears about online sports betting, their first thought is likely to be, “Is this legal?” Online gambling is permitted in South Africa but only for individuals who use a bookmaker authorized by a province gaming authority. South Africa lets people who meet certain requirements gamble legally and cash out their winnings without having to pay taxes on your wins.
How Strict are South Africa’s Laws Regarding Virtual Wagering?
Since 1966, the National Gambling Board (NGB) has been in charge of gambling regulation. In addition to setting guidelines, they decide which forms of gambling are acceptable under the law. In light of this, it is always prudent to familiarize oneself with the relevant laws and regulations before partaking in any kind of gambling.
However, in order to legally provide retail or online betting, one must first get a bookmarking license from the relevant authorities. This is why every state and territory has its own gaming and horse racing commission. The Western Cape Gambling Board is the biggest and issues the most bookmarker licenses nationwide. As a result, the location of the issuing authority for every legitimate site’s license will often be made clear somewhere in the footer.
Payment Options for South Africans
One of the most important things to look at is what types of payments are accepted by the online bookmarker. When dealing with a reputable betting site, making a deposit is usually fast and easy due to the variety of payment methods available.
Do they support methods of payment accepted in South Africa? When it comes to connecting your payment method, are they flexible? You should also consider factors like transaction times and fees.
The most popular sports betting sites in South Africa allow a wide variety of deposit options, including credit cards, prepaid cards, e-wallets, and even crypto.
Check out how easy it is to make a withdrawal since this is a major differentiator between a reliable and questionable sports betting service.
Know the Different Types of Bets
Bets on the outcome of a game, race, or other event are the most common and easiest to understand. These are called straight bets. Depending on how likely it is that the underdog will win, the bettor will get a larger payout than if they had bet on the favorite. Bets may be placed on a tie for games where a tie is a conceivable result.
Punters making a point spread aren’t always aiming to choose the victor of a certain game or match. Instead, the bookmaker determines a point spread (or “spread”) that makes wagers on the underdog and the favorite competitive. Betting on the underdog pays off if the underdog either covers the spread or loses by less than the spread. When the favorite wins by a larger margin than the spread, bettors who backed the favorite win their wagers. Except if a bookmaker has a specific policy regarding ties (such as “ties win” or “ties lose”), bets are returned when the final score is a draw.
The last type of wager is a so-called total or over-under. Even less concerned with the outcome, this wager is placed on the aggregate number of goals or points scored. Bettors choose to wager on whether the final score will go “Over” or “Under” the limit established by the bookmaker.